Japanese Candlesticks Analysis 13.01.2016 (EUR/USD, USD/JPY)

Analysis for January 13th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods continuation patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

The H1 chart of EUR USD shows a bearish tendency. Three Methods pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Doji pattern indicates an ascending correction within the downtrend. The downside Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

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